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I fix up a lot of houses whether they are my personal house, my rental properties or my fix and flips.When I fix up a house I don’t mean I do the work myself; I have a contractor do it for me.That included interior and exterior paint, new carpet, new doors, new trim, some electrical work, some new drywall, trash out, landscaping work and many little fixes.On a flip that is about to have the work started I will spend over ,000 on the repairs.I have a pro account with Home Depot, which gets me huge discounts on the materials we buy for flips and rentals.Repairing a house does not cost ,000 or 0,000 for basic cosmetic repairs.

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Even if you buy a house that is in great shape it will need work at some point.Remember these costs are what I pay to fix up homes in my area.If you live in an expensive town, your costs may be significantly higher.Updating the electrical wiring in a house is not the way most homeowners want to spend their remodeling budget.Rewiring an entire house can range anywhere from ,000 to ,000.

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